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SPX Dealer Levels: April 29, 2026

On Wednesday, April 29, 2026, SPX opened at 7,138.80 and closed at 7,135.95, a session range of 36.57 points (0.51%). The mid-session dealer positioning snapshot showed call wall 7140, put wall 7100, zero gamma 7136, max pain 7115.

Dealer positioning levels

Call wall

Strike carrying the session's heaviest call-side dealer gamma. Rallies often slow into this area.

7,140
Put wall

Strike carrying the heaviest put-side dealer gamma. Declines often slow near this area.

7,100
Zero gamma

Level where net dealer gamma flips sign, separating the dampened regime above from the amplified regime below.

7,136
Max pain

Expiry strike at which the total settlement value of same-day SPX options would be smallest.

7,115

Session statistics

Open

7,138.80

High

7,144.56

Low

7,107.99

Close

7,135.95

Net dealer gamma read negative at the snapshot, a backdrop in which dealer hedging flows tend to amplify intraday swings. VIX opened at 18.12 and finished at 18.81.

Levels are computed from that session's SPX option-chain snapshots and reflect a mid-session reading. Prices are session-observed values, not official settlement prints. Archive pages are static records of what the dealer book showed that day. Method details on the methodology page.

For informational and educational purposes only. Not investment advice and not a recommendation to buy or sell any security. Options trading involves substantial risk of loss. Market-structure figures described here are zdte.ai's proprietary estimates of dealer positioning, which can be wrong. Always do your own research.